StockNews.com Initiates Coverage on LiqTech International (NASDAQ:LIQT)

Posted by ABMN Staff on Dec 16th, 2024

Equities researchers at StockNews.com initiated coverage on shares of LiqTech International (NASDAQ:LIQT – Get Free Report) in a research report issued to clients and investors on Saturday. The firm set a “sell” rating on the stock.

Other research analysts have also issued research reports about the company. Ascendiant Capital Markets dropped their target price on LiqTech International from $5.15 to $3.20 and set a “buy” rating for the company in a research report on Monday, November 25th. Lake Street Capital dropped their price objective on LiqTech International from $9.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, October 10th.

Get Our Latest Report on LiqTech International

LiqTech International Stock Performance

LiqTech International stock opened at $1.96 on Friday. The company’s 50-day moving average price is $1.96 and its 200-day moving average price is $2.30. The company has a quick ratio of 1.62, a current ratio of 2.66 and a debt-to-equity ratio of 0.60. The company has a market cap of $18.52 million, a PE ratio of -1.08 and a beta of 1.03. LiqTech International has a twelve month low of $1.51 and a twelve month high of $3.61.

Institutional Investors Weigh In On LiqTech International

A hedge fund recently raised its stake in LiqTech International stock. HighTower Advisors LLC raised its holdings in LiqTech International, Inc. (NASDAQ:LIQT – Free Report) by 40.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 38,599 shares of the company’s stock after purchasing an additional 11,043 shares during the quarter. HighTower Advisors LLC owned 0.66% of LiqTech International worth $99,000 at the end of the most recent reporting period. 35.06% of the stock is currently owned by institutional investors and hedge funds.

About LiqTech International

(Get Free Report)

LiqTech International, Inc, a clean technology company, designs, develops, produces, markets, and sells automated filtering systems, ceramic silicon carbide liquid applications, and diesel particulate air filters in the United States, Canada, Europe, Asia, and South America. The company operates through Water, Ceramics, and Plastics segments.